Brokerages Anticipate AzurRx BioPharma Inc (AZRX) to Announce ($0.23) Earnings Per Share

AzurRx BioPharma Inc (NASDAQ:AZRX) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a one year consensus target price of $8.25 for the company and are forecasting that the company will post ($0.23) earnings per share for the current quarter, according to Zacks. Zacks has also given AzurRx BioPharma an industry rank of 179 out of 265 based on the ratings given to its competitors.

Separately, HC Wainwright reissued a “buy” rating and set a $8.00 price target on shares of AzurRx BioPharma in a research report on Thursday, September 28th.

Institutional investors and hedge funds have recently bought and sold shares of the business. IHT Wealth Management LLC raised its position in AzurRx BioPharma by 15.3% during the 2nd quarter. IHT Wealth Management LLC now owns 3,498 shares of the company’s stock worth $486,000 after buying an additional 464 shares during the last quarter. Susquehanna International Group LLP purchased a new position in AzurRx BioPharma during the 3rd quarter worth approximately $131,000. Ardsley Advisory Partners purchased a new position in AzurRx BioPharma during the 2nd quarter worth approximately $141,000. Finally, Parsons Capital Management Inc. RI raised its position in AzurRx BioPharma by 37.2% during the 3rd quarter. Parsons Capital Management Inc. RI now owns 254,263 shares of the company’s stock worth $1,015,000 after buying an additional 68,920 shares during the last quarter. 8.18% of the stock is owned by institutional investors.

AzurRx BioPharma (NASDAQ:AZRX) traded down $0.07 during mid-day trading on Friday, reaching $3.34. 28,543 shares of the company were exchanged, compared to its average volume of 64,151. AzurRx BioPharma has a one year low of $2.40 and a one year high of $5.25.

AzurRx BioPharma (NASDAQ:AZRX) last posted its quarterly earnings results on Monday, November 13th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.13). analysts anticipate that AzurRx BioPharma will post -1.05 earnings per share for the current fiscal year.

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About AzurRx BioPharma

AzurRx BioPharma, Inc is a clinical development-stage biopharmaceutical company. The Company is engaged in the research and development of non-systemic biologics for the treatment of patients with gastrointestinal (GI) disorders. The Company’s product pipeline consists of two therapeutic proteins, such as MS1819 and AZX1101.

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